• Oilprice.com

    How Tesla Became More Valuable Than Exxon

    Tesla shares have soared to new record highs this week, with the company now more valuable than ExxonMobil – one of the largest oil companies on earth

  • 3 High-Yield Tech Stocks to Buy in July
    Motley Fool

    3 High-Yield Tech Stocks to Buy in July

    These tech stocks will reward investors with stable growth and strong dividends for many years to come.

  • This is Why Mondelez (MDLZ) is a Great Dividend Stock
    Zacks

    This is Why Mondelez (MDLZ) is a Great Dividend Stock

    Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Mondelez (MDLZ) have what it takes? Let's find out.

  • Tech Firm’s 2020 Rally Exceeds 100% With Deal for AI Startup
    Bloomberg

    Tech Firm’s 2020 Rally Exceeds 100% With Deal for AI Startup

    (Bloomberg) -- Software provider Kinaxis Inc. surged to a record high as it completed a deal for Rubikloud Technologies Inc. to boost its artificial intelligence capabilities.Ottawa-based Kinaxis, whose clients include Unilever NV and Lockheed Martin Corp., briefly passed $4 billion in market value for the first time Thursday amid a broad rally in Canadian technology stocks. The firm sells products that help companies manage supply chains, sales and operations.Its 103% rise this year makes it the fourth-best performing stock on the S&P/TSX Composite Index. The Covid-19 crisis has helped the business as global supply chains have been disrupted: Kinaxis has seen a 20% increase in user activity since January, Chief Executive Officer John Sicard said in an interview.“There’s never been a time where we’re more relevant, and especially under this particular crisis where all supply chains are experiencing a tremendous amount of volatility and disruption,” Sicard said, describing his company as “Canada’s best-kept secret.”The firm seized on Rubikloud to fill a gap in its product lineup. The target company, co-founded in 2013 by Kerry Liu, serves the enterprise retail industry, which Kinaxis did not.“Retail is not a vertical they’re currently in, but one that obviously, if you want to be a global leader in supply chain, you can’t ignore,” Liu said.Machine LearningThe Toronto startup has also made more advances in artificial intelligence and machine learning than Kinaxis has, Sicard said. These include helping clients predict the demand for an item so that they can determine appropriate pricing, according to Liu.The $60 million cash deal, announced June 15, had been in the making for a few months. Although the two companies had known each other for years, it was only earlier this year when talks started to heat up. At a dinner at Sicard’s home in Kanata, an Ottawa suburb, the two men found themselves “nearly finishing each other’s sentences,” Sicard said.Soon after, they decided to join forces.“In the world of acquisitions you usually find out it’s someone south of the border buying up Canadian technology. It’s not as common to see a Canadian company creating a union with another Canadian company,” he added.Liu will lead strategic innovation at the company. “I see myself continuing to be an evangelist in the space,” he said. “I think it’s as much about understanding and making sure that I’m a subject matter expert where available and then working closely on figuring out what do we need to do in the supply chain together now in this new world.”Rubikloud is Kinaxis’s second acquisition since going public in 2014. In February, it bought Indian firm Prana Consulting Services Pvt. Ltd. for an undisclosed sum.The stock is well-liked by analysts with 10 buy ratings, two hold recommendations and no sells, according to data compiled by Bloomberg.(Adds more CEO comments in tenth paragraph and analyst data in last paragraph.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Raytheon Wins $495M Deal to Support AMRAAM Weapon System
    Zacks

    Raytheon Wins $495M Deal to Support AMRAAM Weapon System

    Raytheon Technologies (RTX) is set to offer non-warranty repairs, program support, contractor logistics support and service life prediction program analysis, supporting the AMRAAM weapon system

  • 7 Most Powerful Navies In The World: 2020 Rankings
    Insider Monkey

    7 Most Powerful Navies In The World: 2020 Rankings

    The 7 most powerful navies in the world have spared no expense in ensuring the safety of their seas, and by proxy, their nations. Any country which has a sea needs a navy in order to protect its shores from other nations and ensure the safety of their own nation. Navies are generally used to protect their […]

  • GuruFocus.com

    Tesla Still Amazes Nonbelievers

    Why is a car manufacturer getting a highly absurd valuation? Continue reading...

  • Barrons.com

    What Activist Elliott Management Looks for in a Utility Stock — and How Investors Can Take Advantage

    The out-of-favor sector includes some bargains with juicy payouts. One way to play it: watch what hedge fund Elliott Management does.

  • 5 High-Yield Dividend Stocks to Watch
    Motley Fool

    5 High-Yield Dividend Stocks to Watch

    One of the places they've found cash returns is in dividend stocks, particularly those that offer a relatively high payout. Fortunately, some high-yield dividend stocks remain well-positioned to sustain their dividends. AbbVie (NYSE: ABBV) spent most of its history as a subsidiary of Abbott Laboratories before becoming an independent company in 2013.

  • Bloomberg

    Tesla's Overexcited Fans Should Cool Down a Little

    (Bloomberg Opinion) -- Back when Tesla Inc. delivered 95,000 cars to customers during the spring quarter of 2019, the stock price was languishing at about $235 and Elon Musk’s electric car company was valued at “only” $40 billion. Fast forward a year and the shares are now priced at more than $1,200. With a market capitalization of $224 billion, Tesla has surpassed Toyota Motor Corp. as the world’s most valuable automaker.Yet in the second quarter of 2020, Tesla delivered 91,000 vehicles — about 5% fewer than the same period last year. That’s pretty underwhelming for a company whose fans view it as a fast-growing technology company in the mold of Amazon.com Inc., rather than a sluggish metal-bashing carmaker. So how is the massive recent jump in its market value justified?In fairness, it shows resilience to sell this many cars when the company’s main California plant was shut by the pandemic for much of the spring period. Doubtless, Tesla’s new Shanghai plant picked up the production slack, which suggests the expense and effort of getting that China factory up and running was worth it. The launch of Tesla’s new Model Y crossover vehicle will have helped. Ford Motor Co. and General Motors Co. both saw their U.S. deliveries decline by a third in the same quarter. Nevertheless, Tesla’s stock market acolytes pushed the shares up another 8% on Thursday, adding $16.5 billion to the market value. Such exuberance is hard to understand. Musk’s company sold 7,650 more vehicles than analysts expected during the second quarter, and the stock price jump equates to about $2 million of added shareholder value for each of those additional sales. This seems a little excessive given that a Tesla Model 3 sells for less than $40,000, and the profit margin on those cars is pretty slim.  The shareholder reaction makes even less sense when you consider that Tesla investors aren’t really meant to buying the stock because of the company’s current sales, which are less than 4% of Volkswagen AG’s. Rather, the investment case is a long-term one: that it will come to occupy a dominant position in clean transport and energy in the years ahead. That explains why the shares trade at 320 times its analyst-estimated earnings this year. Viewed through this lens, Tesla’s ability to shift a few thousand extra cars in recent weeks shouldn’t matter so much for the valuation.  Investors’ tendency to overreact to Tesla news made more sense when its survival was open to doubt. A year ago it was laying off workers, U.S. sales were slowing and its retail strategy was confused. Senior staff kept heading for the exit. The company was burning through cash and ran pretty low on financial fuel. It had just $2.2 billion of cash in March 2019, compared with more than $8 billion now.But subsequent evidence that Tesla can sell cars for more than it costs to produce them has transformed the mood — and with it Tesla’s stock price.Instead of “killing” off Tesla, the tepid electric offerings of established carmakers such as Audi and Mercedes have only underscored the quality of their rival’s battery and powertrain technology (the same can’t be said of Tesla’s build quality). Volkswagen’s software problems with its forthcoming ID.3 electric vehicle suggest catching Tesla won’t be straightforward, even with the Germans’ vast resources.Tesla’s stratospheric valuation appears to have become self-reinforcing. Should it require more money to fund its roughly $9 billion of capital expenditure over the next three years, it can raise it from shareholders without worrying about diluting them too much.Similarly, holders of more than $4 billion of convertible bonds that Tesla issued to fund its expansion should be happy to convert them into stock, rather than demand cash repayment, taking some of the pressure off the company and its balance sheet.  Still, Tesla’s valuation remains impossible to justify by any standard metrics. Analysts’ average price target is more than 40% below the current level. Even Musk has suggested that the share price, which has almost trebled since the start of 2020, is too high — although, as with his taunting of the U.S. Securities and Exchange Commission and his comments about “fascist” lockdowns, it’s usually better to tune out what Musk says and focus on his actions instead.  The skeptics might have more faith in Tesla’s new position as the leader of the automaker pack when Musk stops his provocations and his shareholders stop getting giddy over modest good news.This column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Chris Bryant is a Bloomberg Opinion columnist covering industrial companies. He previously worked for the Financial Times.For more articles like this, please visit us at bloomberg.com/opinionSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • GM's China sales drop 5% in second quarter, underperforms industry recovery
    Reuters

    GM's China sales drop 5% in second quarter, underperforms industry recovery

    General Motors Co's <GM.N> vehicle sales in China dropped 5.3% between April and June from the corresponding period last year, underperforming the industry average amid a recovery from the coronavirus fallout on the world's biggest auto market. China's overall figure, which includes passenger and commercial vehicles, rose 4.4% in April and 14.5% in May, said the China Association of Automobile Manufacturers (CAAM), adding that it expected auto sales to grow 11% in June. GM, China's second-biggest foreign automaker after Volkswagen AG <VOWG_p.DE>, delivered 713,600 vehicles in the country in the second quarter, the company said in a statement, after reporting a drop of 43% in sales in the first quarter, due to the pandemic.

  • Reuters

    GM delivered 713,600 units in Q2 in China, down 5% y/y

    General Motors Co's vehicle sales in China fell at a slower pace of 5.3% between April and June compared with the same period last year, as the Detroit automaker's China operations recover from coronavirus-induced lows. GM, China's second-biggest foreign automaker, delivered 713,600 vehicles in the country in the second quarter this year, the company said in a statement, after it reported a 43% sales drop in the first quarter due to the pandemic.

  • Barrons.com

    The Unemployment Rate Is “Grossly” Understated. Here’s Why.

    An 11% jobless rate doesn’t square with the number of people filing for unemployment insurance. Plus, market commentary on the muni market outlook, auto stocks, fiscal stimulus, and consequences of a Blue election wave.

  • GuruFocus.com

    US Indexes Close Higher to End the Shortened Week

    Nasdaq up 13.76% for the year Continue reading...

  • Nico Young Named 2019-20 Gatorade® National Boys Track and Field Athlete of the Year
    PR Newswire

    Nico Young Named 2019-20 Gatorade® National Boys Track and Field Athlete of the Year

    In its 35th year of honoring the nation's most elite high school athletes, The Gatorade Company today announced Nico Young of Newbury Park High School in Newbury Park, Calif. is the 2019-20 Gatorade National Boys Track and Field Athlete of the Year. Young won the prestigious award for his accomplishments on and off the field, joining an impressive group of former Gatorade National Boys Track and Field Athlete of the Year winners who have combined for 22 gold medals and 12 National Championships.

  • Reuters

    Wall Street sees Exxon paring asset values on weakening demand

    Exxon Mobil Corp assets are likely overvalued in light of weak oil-demand outlook, according to Wall Street analysts, and face write-downs as soon as this month. Oil producers BP Plc, Occidental Petroleum , and Royal Dutch Shell have cut billions of dollars off their assets in recent weeks. The oil industry "is clearly altering its view on the value of assets and we would not be surprised if Exxon followed suit," said Cowen analyst Jason Gabelman by email.

  • Good News on the Dividend Front From HP Inc.
    GuruFocus.com

    Good News on the Dividend Front From HP Inc.

    Behind its current high-yield status is a company with reasonable fundamentals Continue reading...

  • Were Hedge Funds Right About Piling Into The TJX Companies, Inc. (TJX)?
    Insider Monkey

    Were Hedge Funds Right About Piling Into The TJX Companies, Inc. (TJX)?

    We at Insider Monkey have gone over 821 13F filings that hedge funds and prominent investors are required to file by the SEC The 13F filings show the funds' and investors' portfolio positions as of March 31st, near the height of the coronavirus market crash. We are almost done with the second quarter. Investors decided […]

  • Were Hedge Funds Right About Piling Into Advanced Micro Devices, Inc. (AMD)?
    Insider Monkey

    Were Hedge Funds Right About Piling Into Advanced Micro Devices, Inc. (AMD)?

    We at Insider Monkey have gone over 821 13F filings that hedge funds and prominent investors are required to file by the SEC The 13F filings show the funds' and investors' portfolio positions as of March 31st, near the height of the coronavirus market crash. We are almost done with the second quarter. Investors decided […]

  • Dow Up 1,189 Points In 4 Days, Akamai Crushes Bears; One Reason To Consider Selling AMD Stock
    Investor's Business Daily

    Dow Up 1,189 Points In 4 Days, Akamai Crushes Bears; One Reason To Consider Selling AMD Stock

    The Dow Jones Industrial Average is enjoying a solid, albeit shortened, week of trading in the current stock market. IBD Leaderboard stock Microsoft, Caterpillar and fellow industrial powerhouse 3M paced the upside among the 30 Dow industrials stocks, each gaining 1 point or more. The Nasdaq composite, up nearly 0.8% in late-afternoon trading Thursday ahead of the July Fourth three-day holiday weekend, shows a 14.2% gain since Jan. 1; the S&P 500, up less than 0.7%, still harbors a year-to-date loss of less than 3%.

  • How to Pull Profits From Range-Bound Advanced Micro Devices Stock
    InvestorPlace

    How to Pull Profits From Range-Bound Advanced Micro Devices Stock

    Once upon a time, Advanced Micro Devices (NASDAQ:AMD) was the life of the party. Its volatility was renowned, and its gains were the envy of the tech sector. But after April's earnings announcement, everything changed for AMD stock. Momentum fled and fanboys with it. Today, we're chronicling the fallout and showing which options strategies you can use to profit.Source: Hand Robot/Shutterstock.com You don't have to look hard to see why AMD became a giant in the field of momentum traders. There's no need to squint, no need for a magnifying glass. You can spot its meteoric rise from space.From 2018's low of $9.04 to this year's peak of $59.27, Advanced Micro Devices shares ballooned over 550%. The rocketship rise was fueled by the potent combination of increasing revenue and earnings. Not to mention the booming bull market in the technology sector.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Equilibrium Has Been FoundSource: The thinkorswim® platform from TD Ameritrade AMD suffered alongside everyone else during March's liquidation event, but it didn't stay down for long. Like a beach ball held deep beneath the surface, it rapidly returned to its peak. But then, the April 29 quarterly report arrived and torpedoed the stock's momentum. Fortunately, the trajectory shift wasn't one from up to down. Instead, it was from up to sideways. The earnings results were good enough to keep the share price aloft, but not great enough to justify a continued advance.Equilibrium, it appears, has been found. * 7 Utilities Stocks to Buy With Reassuring Dividends Traders used to a wilder AMD stock are growing bored with its new tamer disposition. Range-bound equities aren't nearly as exciting as those that are trending to new highs week after week. They require you to either shift trading tactics or abandon them in search of more exciting opportunities elsewhere.If you're willing to do the former, I have an options strategy or two that will help. Before I unveil them, it's worth pointing out that the trading range in AMD will be temporary. We've seen previous episodes of neutrality over the past three years. Even the most powerful growth stories see their share prices ebb and flow. Stocks that rise to the moon without any type of consolidation or pause along the way create unsustainable trends anyway.Just look at 2019, for instance. AMD first rose to $30 in April, and after six months of sloppy trading, it was still at $30 in October. But that long-term base set the stage for the epic rally that saw the stock rise another 50% by year-end. This type of choppy action allows stocks to digest gains while time passes and earnings grow.Source: The thinkorswim® platform from TD Ameritrade Trading the AMD Stock RangeOver the past three months, Advanced Micro Devices has played ping pong between $50 and $58. This week's bounce off support reinforced the range and proved that dip buyers are still alive and well. With the stock now fiddling with the middle of its range, it's hard to have confidence in making a directional bet. The 50-day and 20-day moving averages both loom overhead, threatening to impede further gains. And critical support near $50 lies closely below, warning off any bearish trades.Neutrality, it seems, is the best bet here. And that suggests trades like covered calls and naked puts are worth a shot.Trade No. 1: Buy 100 shares of stock and sell the Aug $52.50 call for around $4.05.Because we're selling an at-the-money call, the potential profit is limited to the call premium received. Since the overall trade cost is around $48.40, the $4.05 of profit translates into an 8.4% return in a cash account. It's double that if you're buying stock on margin.If you'd prefer a cheaper trade, then sell puts.Trade No. 2: Sell the Aug $45 put for $1.30.Consider this a bet that AMD stock stays above $45. If it does, you'll capture the $1.30 reward. If the put sits in-the-money at expiration, you'll be obligated to buy 100 shares at a basis of $43.70.For a free trial to the best trading community on the planet and Tyler's current home, click here! As of this writing, Tyler held bullish options positions in AMD. More From InvestorPlace * Why Everyone Is Investing in 5G All WRONG * America's 1 Stock Picker Reveals His Next 1,000% Winner * Revolutionary Tech Behind 5G Rollout Is Being Pioneered By This 1 Company * Radical New Battery Could Dismantle Oil Markets The post How to Pull Profits From Range-Bound Advanced Micro Devices Stock appeared first on InvestorPlace.

  • Ohio AG demanding General Motors pay back $60M to state
    Yahoo Finance Video

    Ohio AG demanding General Motors pay back $60M to state

    Ohio Attorney General Dave Yost joins Yahoo Finance’s Sibile Marcellus to discuss why he is demanding General Motors pay back $60 million to the state of Ohio.